RE: [DMCForum] Re: Is It Worth It?

[Kevin Abato <delorean@xxxxxxxxx>]

Sadly this is also a perfect example of previous owners who didn't take care
of the car and wound up selling to someone on e-bay for more then its worth.
I can totally appreciate where Lauren is coming from on this.  When I got my
car, I went broke doing many repairs (although it was only about $5k total
that I laid out) and it is a tough cookie to swallow, but It could have been
a lot worse....
 
Luckily, I started looking at buying a Delorean before I could REALLY afford
it and it wound up saving me quite a bit of money and teaching me some
important lessons along the way.  My original plan was to buy a car cheap
for $8-10K and put work into it.  THANK GOD I didn't go that route!  I
quickly realized that a $8-10K would cost me EASILY $20-30K MORE over
several years time to make it a decent car.   Instead of dumping that much
money and wasting all that time, I postponed my search for a year, saved a
little more money up, researched a little more, took an informative trip out
to PJ Grady to get some insight, and eventually wound up getting my car via
private sale for $14k (plus $5K shortly afterwards for needed repairs).  End
result is that my car is appraised at $20K (prob. more now with other work
done since) and I dump approx $1K in each year on little projects to keep it
up to date and running well.  I am sure that most of you that know me from
the DMA would agree that the estimated value is right on target with the
condition of my car.  I don't really expect to ever make money from my car,
but it tends to hold its value just fine.
 
Hang in there Lauren!  I know that you love that car, and you have taken
good care of it.  If you have to slow down on repairs after this for a
while, then do so to save more $ for future upgrades....  Also don't forget
to ask for help from the community.  I have found many people that are more
then willing to lend a hand, garage, tools, parts and time to help you out
and get some of your smaller issues fixed.  
 
The Delorean community is a friendly place.   :)
 
Kevin Abato
Vin# 16680

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From: DMCForum@xxxxxxxxxxxxxxx [mailto:DMCForum@xxxxxxxxxxxxxxx] On Behalf
Of timnagin
Sent: Thursday, May 25, 2006 2:36 PM
To: DMCForum@xxxxxxxxxxxxxxx
Subject: RE: [DMCForum] Re: Is It Worth It?


>Thank you all for your advice.  Rob has already done most of this 
>work, so I might as well finish the job right.  And, I think I am 
>convinced that I should at least keep the car a bit longer.  No point 
>letting the next eBay purchaser of #1673 get all the good times out of 
>her!  
>
>Lauren


Exactly, and the hard part is probably over.  When you start getting into
the cosmetic stuff where you actually see big changes happen fast it will
re-energize your enjoying the car. :)

In addition, you should be way less stressed out since Rob is working on the
car.  Imagine if you took it to just some random shop.

Greg




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